🕐14.07.09 - 03:56 Uhr

Riversdale Mining [ASX: RIV] - Benga Feasibility Study



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Riversdale Mining [ASX: RIV] - Benga Feasibility Study

Riversdale Mining (ASX: RIV) has completed a Feasibility Study for the Benga Coal Project in the Tete Province of Mozambique.



The Feasibility Study will be provided for review and comment to Tata Steel Limited, who has a 35% interest in the project.

Following this review, it is envisaged that the project will be considered by the joint venture company for development approval.

The Feasibility Study is based on Coal Reserve and Coal Resource estimates released by Riversdale in April 2009.



Coal Reserves total 273.3 million tonnes, comprising Proved Reserves of 181.3 million tonnes and Probable Reserves of 92.0 million tonnes.



Coal Resources total 4.0 billion tonnes, comprising Measured Resources of 313.9 million tonnes, Indicated Resources of 720 million tonnes and Inferred Resources of 2,990 million tonnes.




For more details on the feasibility study (development stages, barging and funding), please see the attached announcement.


For further information, please contact:

Michael O�Keeffe
Executive Chairman
Ph: +612 8299 7900

Steve Mallyon
Managing Director
Ph: +612 8299 7900

or

Media: Fortbridge
Bill Kemmery
Ph: +612 9331 0655
Mob: +61 400 122 449
Email:

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